Maria and Jose installed a "nanny-camera" in their home so that they can view how the nanny is interacting with their children while they are at work. What type of problem are they trying to combat?
moral hazard
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Using an interest rate of 5%, which figure has the smallest present value?
A. $5500 to be received ten years from now B. $5075 to be received three years from now C. $5000 D. $5050 to be received two years from now
The tightening of credit standards after the Great Recession
A. was more than countered by an opposite trend in regulation, so growth was robust. B. should have been a source of growth but wasn't. C. was a significant reason behind the slowing of economic growth during that period. D. was entirely countered by an opposite trend in regulation, so it was nearly zero.
Innovation lagged in the centrally planned economies because:
A. there was too much domestic business competition. B. there was too much competition from foreign firms. C. enterprises resisted innovation in fear that their production targets would be raised. D. exports had to equal imports for the plan to work.
For this question, assume that the economy is initially operating at the natural level of output. An increase in consumer confidence will cause
A) a reduction in the real wage in the medium run. B) an increase in the real wage in the medium run. C) no change in the real wage in the medium run. D) ambiguous effects on the real wage in the medium run.